• Stifel Financial average operating margin for 2024 was 17.46%, a 3.32% decline from 2023.
• Stifel Financial average operating margin for 2023 was 18.06%, a 15.88% decline from 2022.
• Stifel Financial average operating margin for 2022 was 21.47%, a 1.51% decline from 2021.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.